Republic of Korea - Acrylonitrile-Butadiene-Styrene (Abs) Copolymers In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingABS Copolymers Price in South Korea - 2022
Contents:
- ABS Copolymers Price in South Korea (FOB) - 2022
- ABS Copolymers Price in South Korea (CIF) - 2022
- ABS Copolymers Exports in South Korea
- ABS Copolymers Imports in South Korea
ABS Copolymers Price in South Korea (FOB) - 2022
In December 2022, the average ABS copolymers export price amounted to $1,729 per ton, waning by -3.3% against the previous month. In general, the export price showed a perceptible setback. The most prominent rate of growth was recorded in April 2022 an increase of 1.6% against the previous month. The export price peaked at $2,344 per ton in December 2021; however, from January 2022 to December 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In December 2022, the countries with the highest prices were Egypt ($2,256 per ton) and Mexico ($2,136 per ton), while the average price for exports to China ($1,510 per ton) and Vietnam ($1,635 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (-0.8%), while the prices for the other major destinations experienced a decline.
ABS Copolymers Price in South Korea (CIF) - 2022
The average ABS copolymers import price stood at $2,507 per ton in December 2022, with a decrease of -5.6% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when the average import price increased by 19% month-to-month. Over the period under review, average import prices attained the maximum at $3,074 per ton in April 2022; however, from May 2022 to December 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($12,046 per ton), while the price for the Philippines ($786 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Thailand (+11.7%), while the prices for the other major suppliers experienced a decline.
ABS Copolymers Exports in South Korea
For the third year in a row, South Korea recorded decline in shipments abroad of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms, which decreased by -14.6% to 1.1M tons in 2022. Over the period under review, exports showed a abrupt downturn. The smallest decline of -0.8% was in 2020.
In value terms, ABS copolymers exports contracted remarkably to $2.3B in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, the exports attained the peak of $3B, and then shrank dramatically in the following year.
| Export of ABS Copolymers in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 689 | 727 | 893 | 622 | -3.4% |
| United States | 122 | 94.3 | 235 | 168 | 11.3% |
| Mexico | 111 | 111 | 173 | 160 | 13.0% |
| Turkey | 118 | 122 | 191 | 153 | 9.0% |
| India | 125 | 83.0 | 141 | 128 | 0.8% |
| Vietnam | 93.2 | 110 | 146 | 124 | 10.0% |
| Thailand | 94.3 | 102 | 153 | 117 | 7.5% |
| Hong Kong SAR | 224 | 179 | 196 | 77.2 | -29.9% |
| Indonesia | 85.3 | 61.7 | 88.2 | 65.3 | -8.5% |
| Brazil | 57.5 | 47.6 | 78.2 | 55.9 | -0.9% |
| Italy | 55.6 | 31.2 | 67.4 | 53.8 | -1.1% |
| Poland | 22.4 | 29.4 | 43.9 | 50.4 | 31.0% |
| Japan | 34.7 | 28.2 | 42.3 | 36.8 | 2.0% |
| Others | 412 | 324 | 563 | 475 | 4.9% |
| Total | 2,244 | 2,051 | 3,011 | 2,286 | 0.6% |
Top Export Markets for ABS Copolymers from South Korea in 2022:
- China (333.9K tons)
- Turkey (71.6K tons)
- United States (68.4K tons)
- Mexico (67.4K tons)
- Vietnam (63.5K tons)
- India (60.1K tons)
- Thailand (55.8K tons)
- Hong Kong SAR (40.2K tons)
- Indonesia (30.5K tons)
- Brazil (24.3K tons)
- Italy (23.0K tons)
- Poland (21.5K tons)
- Japan (17.2K tons)
ABS Copolymers Imports in South Korea
ABS copolymers imports into South Korea declined dramatically to 12K tons in 2022, shrinking by -18.3% compared with the previous year. Overall, total imports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 58%. As a result, imports reached the peak of 15K tons, and then fell significantly in the following year.
In value terms, ABS copolymers imports declined sharply to $31M in 2022. Over the period under review, total imports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +4.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 62% against the previous year. As a result, imports attained the peak of $41M, and then declined dramatically in the following year.
| Import of ABS Copolymers in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.2 | 11.5 | 14.4 | 13.5 | 13.6% |
| Japan | 11.9 | 10.0 | 10.5 | 10.2 | -5.0% |
| Thailand | 0.3 | 0.2 | 10.8 | 3.3 | 122.4% |
| Philippines | N/A | N/A | N/A | 0.9 | 0% |
| Germany | 0.5 | 0.7 | 0.6 | 0.6 | 6.3% |
| Taiwan (Chinese) | 3.2 | 1.0 | 1.1 | 0.5 | -46.1% |
| United States | 0.4 | 0.4 | 0.3 | 0.4 | 0.0% |
| United Kingdom | 0.1 | N/A | 0.4 | 0.4 | 58.7% |
| Vietnam | 0.2 | 0.3 | 0.4 | 0.4 | 26.0% |
| Others | 1.6 | 0.9 | 2.4 | 1.0 | -14.5% |
| Total | 27.6 | 25.2 | 40.9 | 31.1 | 4.1% |
Top Suppliers of ABS Copolymers to South Korea in 2022:
- China (5.2K tons)
- Japan (3.1K tons)
- Thailand (1.1K tons)
- Philippines (1.0K tons)
- United Kingdom (0.4K tons)
- Vietnam (0.3K tons)
- Germany (0.3K tons)
- Taiwan (Chinese) (0.2K tons)
- United States (0.1K tons)
This report provides an in-depth analysis of the abs copolymers market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20162070 - Acrylonitrile-butadiene-styrene (ABS) copolymers, in primary forms
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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